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Commodities
Valero to shut Benicia refinery due to tough regulatory environment, high costs
By Nicole Jao NEW YORK, April 24 (Reuters) - Valero Energy VLO.N on Thursday said it would cease operations at its 170,000-barrel-per-day San Francisco-area oil refinery next year amid worries about California's declining fuel supplies and high gasoline prices.The decision clarifies plans for...Reuters
Thu, Apr 24
Other
Mexico's Alfa expects valuation boost after food business refocus
MEXICO CITY, April 24 (Reuters) - Mexico's Alfa expects its valuation to come in line with peers' after it spun off a number of units to focus on its food business Sigma, Alfa CFO Eduardo Escalante said on Thursday.Shares in Alfa jumped nearly 14% during the firm's first-quarter earnings...Reuters
Thu, Apr 24
Stocks
Why Taiwan Semiconductor Manufacturing Stock Is Jumping Today
Following gains in Tuesday and Wednesday's trading, Taiwan Semiconductor Manufacturing (NYSE: TSM) stock is moving higher again Thursday trading. The contract semiconductor fabrication leader's share price was up 4.2% as of 2:30 p.m. ET. At the same point in the day, the S&P 500 was up 1.8%, and the...The Motley Fool
Thu, Apr 24
Stocks
Why Opendoor Technologies Plunged Today
Shares of Opendoor Technologies (NASDAQ: OPEN) plunged 7.4% on Thursday, as of 1:11 p.m. ET.The drop was all the more noticeable since the broader market indexes were up strongly today, with the Nasdaq Composite up 2.3% at that time. Where to invest $1,000 right now? Our analyst team just revealed w...The Motley Fool
Thu, Apr 24
Stocks
Halozyme sues Merck over new version of cancer drug; shares rise
** Drugmaker Halozyme HALO.O sues Merck MRK.N over a subcutaneous version of cancer drug Keytruda, which HALO says uses a drug delivery technology patented by it** Shares of HALO rise 1% to $59.03** Last month, MRK, who is banking on the new version of Keytruda to protect it against a patent expiry ...Reuters
Thu, Apr 24
Stocks
Why Nio Stock Has Been Soaring This Week
Tariff news has been dominating the discussion in many industries this week, but maybe none more so than in the global automotive sector. That will also likely be the case at the 2025 Shanghai Auto Show that kicked off this week.Electric vehicle (EV) makers in particular are paying attention to what...The Motley Fool
Thu, Apr 24
Other
What to Watch in the Day Ahead - Friday, April 25
Colgate-Palmolive's first-quarter revenue is estimated to have dwindled, hurt by the impact from tariffs and weaker demand for its higher-priced products, including oral care.AbbVie is expected to give its first-quarter results. Investor focus will be on potential tariff commentary, the sales er...Reuters
Thu, Apr 24
Stocks
MGIC Investment rises on $750 million buyback authorization
** Private mortgage insurance provider MGIC Investment's MTG.N shares rise 2% to $24.65** MTG announces additional $750 million share repurchase program through December 31, 2027** Firm may repurchase shares through privately negotiated, open market or other transactions** One of 7 brokerages ra...Reuters
Thu, Apr 24
Cryptocurrencies
Russia Gets Serious About Crypto, Plans State Exchange Rollout
Russian authorities intend to launch a cryptocurrency exchange for the country’s highest-net-worth investors only, a change of direction for the country in handling digital assets. Related Reading: Bitcoin Kingpin Or Con Artist? SEC Charges Crypto, Forex Firm Owner Over $200M Fraud Central Ban...Bitcoinist
Thu, Apr 24
Cryptocurrencies
Wish You Bought Solana (SOL) Before it Soared 17100%? This Altcoin Will Top That in 75 Days, Or Less
If you’ve ever kicked yourself for missing Solana before it rocketed 17,100%, here’s your shot at redemption. A new altcoin, Mutuum Finance is gearing up to do more than follow in SOL’s footsteps, it’s aiming to outpace them entirely, and fast. Dubbed MUTM, this breakout contender is already generating buzz across crypto circles, with insiders […]Cryptopolitan
Thu, Apr 24
Stocks
US STOCKS-Wall Street extends rally on tech boost, easing tariff tensions
Indexes up: Dow 1.07%, S&P 500 1.86%, Nasdaq 2.46% Proctor & Gamble, PepsiCo down after trimming forecastsHasbro, ServiceNow leap after results March durable goods jump more than expected Alphabet results expected after the bellBy Stephen Culp NEW YORK, April 24 (Reuters) - Wall Street ex...Reuters
Thu, Apr 24
Stocks
Why PepsiCo Stock Is Tumbling Today
The share price of PepsiCo (NASDAQ: PEP), the food and beverage giant, was falling today after the company reported mixed results for its first quarter and cut its earnings forecast for the full year.PepsiCo is facing rising supply chain costs due to tariffs and slowing consumer spending amid an unc...The Motley Fool
Thu, Apr 24
Other
INSIGHT-100 days of DOGE: lots of chaos, not so much efficiency
DOGE efforts lead to bottlenecks, longer wait times for public, and brain drainMusk to step back from DOGE, future of cost-cutting uncertainCritics question DOGE's claimed savings and its lack of transparencyBy Tim Reid, Alexandra Alper, Nathan Layne WASHINGTON, April 24 (Reuters) - At the So...Reuters
Thu, Apr 24
Other
Trump says effort for Iran nuclear deal going well
WASHINGTON, April 24 (Reuters) - President Donald Trump on Thursday said U.S. attempts to broker a nuclear deal with Iran are going well, ahead of technical talks between U.S. and Iranian delegations in Oman on Saturday."I think we're doing very well on an agreement with Iran. ... That one i...Reuters
Thu, Apr 24
